| Elevance Health is a holding company. Through its subsidiaries, Co. is a health benefits company in terms of medical membership through affiliated health plans. Co.'s segments are: Commercial and Specialty Business, which includes health products on a full-risk basis and administrative managed care services; Government Business, which includes Medicare and Medicaid businesses, National Government Services and services provided to the federal government in connection with the Federal Employees Health Benefits business; its subsidiary, IngenioRx, Inc., which includes pharmacy benefit management business; and Other, which includes Diversified Business Group, which is health services business.
When researching a stock like Elevance Health, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from ELV Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for ELV stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the ELV 200 day moving average ("ELV 200 DMA"), while one of the most popular "shorter look-backs" is the ELV 50 day moving average ("ELV 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Elevance Health.